
Los Angeles, California 90035
This Updated California Cottage with ADU is a High-Potential Investment Opportunity, listed at $1,795,000—positioned well below the $2,057,876 Fair Market Value by 12%. This valuation gap offers $262,876 in Instant Equity. The property holds a Condition Rating of 3, featuring a newly constructed designer ADU, owned solar, and a new roof. Located in the desirable Faircrest Heights neighborhood, the residence combines immediate rental income potential with future upside via included architectural plans. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1851 Stearns Drive Subject | $1,795,000* List Price | 4 | 3 | 2,305 | $893 | - |
A 1772 S Wooster Street Sold | $1,650,000 | 3 | 2 | 1,659 | $995 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition with significant high-value updates completed within the last 24 months, including a new roof, central HVAC, and owned solar panels. It features a newly constructed, designer-grade ADU with premium finishes. While the main residence is well-maintained with original hardwood floors and fresh paint, it does not reach the 'excellent' grade because the primary suite still requires a planned future remodel and the main kitchen retains some older styling.
The property features a high-end, 400 sqft studio ADU with premium finishes like viola leather-finished porcelain and Rejuvenation fixtures, providing immediate rental income potential or a luxury guest suite.
Significant capital improvements completed within the last 24 months—including a new roof, central HVAC, and owned solar panels—offer the buyer long-term energy efficiency and reduced maintenance concerns.
Located in the desirable Faircrest Heights neighborhood, the property includes architectural plans for a primary suite remodel, allowing the owner to build equity through future customization.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2305, other record living area = 1905.
The local public high school and several nearby elementary schools have low ratings (ranging from 2 to 4), which may be a deterrent for families prioritizing top-tier educational districts.
Although architectural plans are provided, the primary suite still requires a future remodel to reach its full potential, necessitating additional construction costs and time from the new owner.
There are endless possibilities with this charming California cottage, thoughtfully updated and beautifully enhanced over the past 24 months. Set behind lush landscaping and bathed in natural light, the property offers a warm, inviting atmosphere with both immediate livability and future potential. A newly constructed ADU is a true standout with designer finishes, including custom solid wood cabinetry, viola leather-finished porcelain countertops, fixtures by Rejuvenation, and fully paneled appliances that blend seamlessly into the cabinetry. Approximately 400 square feet, this studio-style space is ideal for guests, rental income, or a private work-from-home retreat, all set within a serene garden setting. The main residence offers 1,905 square feet of living area, including 4 spacious bedrooms and 2 baths. The primary is an ensuite and includes architectural plans for a future remodel, allowing the next owner to enhance or reimagine the home over time. Recent improvements within the last 24 months include central air conditioning, a furnace, roof replacement, and fresh interior and exterior paint. Owned solar adds efficiency and long-term value. Located in highly sought-after Faircrest Heights, this is a rare opportunity to own a property that combines charm, flexibility, and upside in one of the area's most desirable neighborhoods.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.7 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 57% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,305 | 2,104.5 | 57% |
| Lot Size | 6,126 | 6,401.5 | 43% |
| Price | $1.79M | $2.21M | 43% |
| Price per sq ft | $779 | $1.1K | 11% |
| Built year | 1941 | 1935 | 61% |
| HOA | $0 | $0 | 50% |
| Days on market | 27 | 167 | 7% |
Mar 26, 2026
$1,795,000
Initial Listing
Feb 7, 2024
$1,405,000
Public Record